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Sadly, people aren’t replacing cash with EC (a very cheap interbanking card standard that’s local to Germany) but with VISA/MasterCard, foreign companies that d
by kuschku 9y ago
Sadly, people aren’t replacing cash with EC (a very cheap interbanking card standard that’s local to Germany) but with VISA/MasterCard, foreign companies that demand foreign laws be followed in Germany, holding an oligopoly, and having massively inflated fees.
I’d be the first proponent of a cashless society if we’d ban VISA and MasterCard from operating here.
- kzrdude 9y agoHopefully EC will survive. I used it while living in Germany and I understood the point, there were some that didn't accept anything else, obviously, because of the fees with other payment cards. German banks were also very accessible for foreigners.